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Dec 10, 2012
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i look at washington. i look at california. i look at the 40% of the people who call themselves independents. i look at the constant attacks by people against this nasty partisanship. you know, so i think congress got down to 13% approval, which only proves there's 13% who are not paying attention." if everybody was just happy with what's happening, i would say, "we have really lost, you know, control of our system." but the thing that does concern me, bill, is to have this kind of a system of democracy, you need to have a citizenship, you know, that is capable of operating in this kind of a democracy. so, we need to do a better job of teaching civics. we need to do a better job of teaching critical thinking. you know, we need to do -- we need to have more citizens who engage, show up in the primaries, show up in the elections. we can start by fixing the political system. >> i would say that one way to start is to read, "the parties versus the people: how to turn republicans and democrats into americans." mickey edwards, thank
i look at washington. i look at california. i look at the 40% of the people who call themselves independents. i look at the constant attacks by people against this nasty partisanship. you know, so i think congress got down to 13% approval, which only proves there's 13% who are not paying attention." if everybody was just happy with what's happening, i would say, "we have really lost, you know, control of our system." but the thing that does concern me, bill, is to have this kind...
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Dec 4, 2012
12/12
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students who sat in that room were much more likely to believe something they had seen on youtube from a washington redskins cheerleader than they would have believed something that they would have heard from the centers for disease control and prevention or the american academy of pediatrics. that's a little frightening. >> narrator: after jenny mccarthy saw desiree on youtube, generation rescue became involved in her treatment, connecting her with a controversial osteopath, dr. rashid buttar in north carolina. >> she flew out to see this doctor. he chelated her and did hyperbaric chamber treatments and many other type of biomedical therapies that we do with our kids, and she got better quick. after a few days of treating her, she was down to about seven seizures a day and speaking and walking. >> look at desiree now. >> narrator: upon finding her cured of a supposedly incurable condition, the media now presented her story as a hoax. >> we've been trying to reach you, and you have not been returning our phone calls. >> oh, i'm sorry. >> narrator: by now it had emerged that her admitting neurologis
students who sat in that room were much more likely to believe something they had seen on youtube from a washington redskins cheerleader than they would have believed something that they would have heard from the centers for disease control and prevention or the american academy of pediatrics. that's a little frightening. >> narrator: after jenny mccarthy saw desiree on youtube, generation rescue became involved in her treatment, connecting her with a controversial osteopath, dr. rashid...
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tuesday december eighteenth five pm here in washington d.c. i'm liz wall and you're watching our t.v. . today the nation continues to grieve the deaths of twenty six people most of them are young children after the massacre at sandy hook elementary school in newtown connecticut the tragedy has ignited a debate over gun control in the u.s. even those with staunchly pro-gun views have come forward saying the time has come to take a serious look at the country's gun laws many are saying this latest massacre of young children is a turning point for a call to action even rupert murdoch the media mogul whose companies are known for being conservative tweeted his support for some kind of change he tweeted on friday terrible news today one will politicians find courage to ban automatic weapons as an after similar tragedy and from sunday night. words from poetess on shooting tragedy but how about some bold leadership action despite all this fox news one of murdoch's companies apparently mandated that their employees refrain from talking about gun contr
tuesday december eighteenth five pm here in washington d.c. i'm liz wall and you're watching our t.v. . today the nation continues to grieve the deaths of twenty six people most of them are young children after the massacre at sandy hook elementary school in newtown connecticut the tragedy has ignited a debate over gun control in the u.s. even those with staunchly pro-gun views have come forward saying the time has come to take a serious look at the country's gun laws many are saying this...
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Dec 22, 2012
12/12
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it may not seem so today, as stock investors ran for the exits even faster than washington lawmakers left town for the holidays. but, somehow, someway, sometime there will be a deal between congress and white house. and, once that happens equity investors will need to refocus. >> once we get into the new year, i think we're going to get right back into earnings season again. and, once again earnings season is what happened last quarter and what do we think is going to happen in the quarters moving forward. >> reporter: as far as what happened in the quarter that ends for most companies on new year's eve, the answer isn't good. according to standard and poor's, wall street analysts predict big u.s. firms only saw a 3% increase in profits in the fourth quarter. on october 1, they were far more optimistic, forecasting a close to 10% gain. so what happened to all that earnings optimism earnings? it turns out it evaporated, as the u.s. economy started to show signs of weakness in the last few months. >> the trend of aggregate earnings has been flat or even a little bit down. so, if that d
it may not seem so today, as stock investors ran for the exits even faster than washington lawmakers left town for the holidays. but, somehow, someway, sometime there will be a deal between congress and white house. and, once that happens equity investors will need to refocus. >> once we get into the new year, i think we're going to get right back into earnings season again. and, once again earnings season is what happened last quarter and what do we think is going to happen in the...
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Dec 5, 2012
12/12
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speaker, is there any hope that he would even consider a gun control or is this the republican party in washington right now? >> i think you have to go about it the right way. you have to build that public support and marshall the public support that already exists and make it clear to leaders like john boehner that in the american public, even among his constituents, his party days, gun owners, that that support for example exists. >> frank luntz i guess the go to guy. the brady bill was perhaps the high point of this effort, so the attempted assassination of a president, and issuing of this press secretary to galvanize public opinion. you think of aurora, how could that not have brought us to this point? >> the sad part of aurora is part of the long list of sort of the workplace or public shooting rampages again i, you know, the press coverage in 48 hours for a week and then they disappear. the problem with the john boehner experience again they respond to fox news. if they can't even handle bob costas having a one minute conversation or dialogue about gun violence, then the republican party see
speaker, is there any hope that he would even consider a gun control or is this the republican party in washington right now? >> i think you have to go about it the right way. you have to build that public support and marshall the public support that already exists and make it clear to leaders like john boehner that in the american public, even among his constituents, his party days, gun owners, that that support for example exists. >> frank luntz i guess the go to guy. the brady...
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Dec 25, 2012
12/12
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washington's cliff talks still remain deadlocked. congress will return on thursday, and it's still possible a few days of holiday cheer and constituent outrage may push republicans and democrats to craft a last-minute agreement to avoid the worst of the fiscal cliff. if we do go over the cliff, the i.r.s. has warned most taxpayers may not be able to file their returns until late march. that would mean long delays for many tax refunds. and economists warn the economic effects will be felt quickly if $600 billion in automatic tax increases and spending cuts begin to take effect next year. at this rate, it looks like lawmakers will celebrate new year's eve at work-- if not resolving the fiscal cliff, at least trying to avoid the blame. darren gersh, nbr, washington. >> susie: going over the fiscal cliff will not only have an impact on the national level, it will also hit states and eventually cities. if lawmakers fail to reach a deal before january 1, the cliff's across the board spending cuts and tax increases will impact how much mone
washington's cliff talks still remain deadlocked. congress will return on thursday, and it's still possible a few days of holiday cheer and constituent outrage may push republicans and democrats to craft a last-minute agreement to avoid the worst of the fiscal cliff. if we do go over the cliff, the i.r.s. has warned most taxpayers may not be able to file their returns until late march. that would mean long delays for many tax refunds. and economists warn the economic effects will be felt...
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Dec 8, 2012
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the only reason they would is if washington completely because this. at this point i don't think that's going to happen. >> susie: how do you think the federal reserve is going to read in today's jobs report. they're meeting on tuesday as you know. do you think it's going to trigger any new response from the fed? >> well, as you know the fed's on high alert. they've got their foot to the accelerator. they're using open ended buying bonds and they're going to up the ante i think at the next meeting in the coming week. operation twist ends and they're going to start rolling that into this quantitative even process. so a lot of bond purchases. i think they're going to continue to do that until unemployment is moving definitively lower and is much lower than it is today. and most importantly, they're going to wait and see how these things go in washington. they're very nervous that policy makers aren't going to get this right. so as long as washington's bitter i think they're going to be in high alert. >> susie: thanks a lot mark, great talking about you.
the only reason they would is if washington completely because this. at this point i don't think that's going to happen. >> susie: how do you think the federal reserve is going to read in today's jobs report. they're meeting on tuesday as you know. do you think it's going to trigger any new response from the fed? >> well, as you know the fed's on high alert. they've got their foot to the accelerator. they're using open ended buying bonds and they're going to up the ante i think at...
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Dec 29, 2012
12/12
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do we have to reach some point of pain in washington, d.c. that people get mos motivated to geta deal. how does it work in washington? >> i wish i knew.it seems that n ratcratcheting up the pain. i was surprised. i thought enough after the election would be sorted out and the fiscal cliff would be a painful enough deadline they would come together. but it seems like the pain will come when we get to the dead cliff where they must absolutely deal with. it's one area where they must focus attention and create another deadline where they have to do something and potentially a larger agreement. >> susie: real quickly this has been frustrating from everybody from wall street to ceo to average american taxpayers. even the president saw that playing out. how do you seep see this playing out. will we have a deal on monday. >> it'we haven't heard them tal. but the hurdle remains in the house. 9 odds look like we'll go over for some period of time what bliss brings them back to a deal at that time is anybody's guess. >> susie: we'll be reporting more o
do we have to reach some point of pain in washington, d.c. that people get mos motivated to geta deal. how does it work in washington? >> i wish i knew.it seems that n ratcratcheting up the pain. i was surprised. i thought enough after the election would be sorted out and the fiscal cliff would be a painful enough deadline they would come together. but it seems like the pain will come when we get to the dead cliff where they must absolutely deal with. it's one area where they must focus...
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Dec 27, 2012
12/12
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employees at the chain's 120 stores in the washington d.c. area, are writing the phrase "come together" on the side of cups, along with customer drink orders. starbucks c.e.o. howard schultz calls it a small but powerful gesture, designed to urge our elected officials to come together to reach common ground on the fiscal cliff. that's "nightly business report" for wednesday, december 26. have a great evening everyone. we'll see you online at: www.nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org
employees at the chain's 120 stores in the washington d.c. area, are writing the phrase "come together" on the side of cups, along with customer drink orders. starbucks c.e.o. howard schultz calls it a small but powerful gesture, designed to urge our elected officials to come together to reach common ground on the fiscal cliff. that's "nightly business report" for wednesday, december 26. have a great evening everyone. we'll see you online at: www.nbr.com and back here...
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Dec 20, 2012
12/12
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darren gersh, "n.b.r.," d washington. >> susie: the threat of the fiscal cliff was a big topic at an investor conference in new york today hosted by johnson controls. this wisconsin-based industrial conglomerate is a leading provider of products to make buildings energy efficient, and it's also the world's largest maker of car batteries and automotive seats. c.e.o. stephen roell told me he's worried that uncertainty about the fiscal cliff could hurt consumer confidence, and his business. >> we don't do that. as the consumer, i products to costumers like the big three, that in turn sell to the autowa industry. my biggest concern is how it will affect the psychology of the consumer. i've been surprised, susie, that people continue to buy autobiles. thatouldar is change dramatically. >> sue:e steve, to what extent are the ups and downs impacting your business day to day. >> i think people are holding back on making captain investments. i see that particularly in the building side. from my standpoint, i continue to invest around the world. i'll invest make sure i'm buying the strategies
darren gersh, "n.b.r.," d washington. >> susie: the threat of the fiscal cliff was a big topic at an investor conference in new york today hosted by johnson controls. this wisconsin-based industrial conglomerate is a leading provider of products to make buildings energy efficient, and it's also the world's largest maker of car batteries and automotive seats. c.e.o. stephen roell told me he's worried that uncertainty about the fiscal cliff could hurt consumer confidence, and his...
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Dec 4, 2012
12/12
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very warm for this time of year in many locations. 13 in chicago and 21 degrees expected in washington on tuesday. here is the extended forecast. >> that's all if this edition of "newsline." thanks for joining us.
very warm for this time of year in many locations. 13 in chicago and 21 degrees expected in washington on tuesday. here is the extended forecast. >> that's all if this edition of "newsline." thanks for joining us.
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Dec 21, 2012
12/12
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and recesses tend to drive decisions in washington in the congress. and now you have a recess, significantly increased by a multiple of 10, probably, or 20 by the fact that we are heading into a fiscal cliff. so those two forcing mechanisms should cause the sides to come together and reach an agreement in my opinion, in addition it's also in their political interest to do that. it is time to govern. it's time toned the politics and time to govern. >> susie: you won't get any argument from most of the american opinion lech on that and you surely know the ways of washington. so we hope are you right on that i would like to switch gears, my last question to you because i understand just before the program you were telling me that you are on the board of intercontinental exchange, ice, that made this big acquisition for the nyse. this was a big deal for you guys. why is it so important? for you and for investors? >> well, first i think it's a good proposal and it will be very good for both companies. you're bringing together a lot of synergies here and a
and recesses tend to drive decisions in washington in the congress. and now you have a recess, significantly increased by a multiple of 10, probably, or 20 by the fact that we are heading into a fiscal cliff. so those two forcing mechanisms should cause the sides to come together and reach an agreement in my opinion, in addition it's also in their political interest to do that. it is time to govern. it's time toned the politics and time to govern. >> susie: you won't get any argument from...
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Dec 22, 2012
12/12
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she knew that she had to make an impression in washington, and she was determined to do that. so i think that the expenses are understandable. and as is the heartbreaking story of her life after he died. people are so uncharitable about it and say, "see, it's proof." i mean, robert had to put her in a mental hospital at one point. and she was this homeless woman trying to sell her dresses. and she had money but she was convinced that she didn't have it. >> i thought you were superbly sensitive to the grief that bound them even though it also separated them, each grieved differently. but in their grief they seemed to find something in each other. >> well, i think that's exactly right. and i think he found something in her inability to control it. i mean, i think that, you know, i've certainly known marriages like this where not only the domestic labor but the intellectual and the moral and the emotional labor gets divided. and frequently in traditional marriages the wife becomes the carrier, the worker in the fields of emotional labor. and in some way i believe, that's why i th
she knew that she had to make an impression in washington, and she was determined to do that. so i think that the expenses are understandable. and as is the heartbreaking story of her life after he died. people are so uncharitable about it and say, "see, it's proof." i mean, robert had to put her in a mental hospital at one point. and she was this homeless woman trying to sell her dresses. and she had money but she was convinced that she didn't have it. >> i thought you were...
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Dec 18, 2012
12/12
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darren gersh, "n.b.r.," washington. >> tom: optimism that speaker boehner's latest offer could get the fiscal cliff talks moving again, helped stocks move nicely higher: the dow rose 100 points, the nasdaq added 39, the s&p up almost 17 points. but with time running out to reach a deal, what happens on wall street, if we go over the cliff? suzanne pratt reports. >> reporter: one thing is for sure, wall street can count. that means investors know there are just nine trading days left until tax hikes automatically take effect across the nation, and hit americans where it hurts: their wallets. and, investors are also aware there are even fewer days before lawmakers are scheduled to leave on holiday break. despite the ticking clock, many investors remain optimistic there will be a deal between congress and the white house before the ball drops in time square. veteran trader jonathan corpina agrees there will soon be a resolution, but he thinks the news will be a big ho-hum for stocks. >> i think the sentiment of a deal solution is already priced into our market right now. so, what does tha
darren gersh, "n.b.r.," washington. >> tom: optimism that speaker boehner's latest offer could get the fiscal cliff talks moving again, helped stocks move nicely higher: the dow rose 100 points, the nasdaq added 39, the s&p up almost 17 points. but with time running out to reach a deal, what happens on wall street, if we go over the cliff? suzanne pratt reports. >> reporter: one thing is for sure, wall street can count. that means investors know there are just nine...
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Dec 1, 2012
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.," washington. >> tom: many companies aren't waiting on washington to reach an agreement on taxes and spending. they're taking action now to pay shareholders, by declaring special dividends. today, whole foods became the latest in a slew of firms opting for one-time payouts. suzanne pratt reports on what's behind these investor pay-days. >> reporter: costco is doing it. brown forman-- the maker of jack daniels and finlandia is also doing it. today, even whole foods is finding it appetizing. they've all announced special dividends, eager to reward their shareholders with a nice check before expected tax increases happen next year. >> current law says that qualified dividend income tax rates are at 15%. and, if no legislation is passed between now and then end of the year, those rates would go up to as high as 43.4%. >> companies just want to pass along these dividends. it's a thank you to shareholders. it sparks interest in their stock. >> reporter: according to s&p, this month alone 216 companies have declared special dividends. last november only 72 firms decided to make similar payo
.," washington. >> tom: many companies aren't waiting on washington to reach an agreement on taxes and spending. they're taking action now to pay shareholders, by declaring special dividends. today, whole foods became the latest in a slew of firms opting for one-time payouts. suzanne pratt reports on what's behind these investor pay-days. >> reporter: costco is doing it. brown forman-- the maker of jack daniels and finlandia is also doing it. today, even whole foods is finding...
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Dec 7, 2012
12/12
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. >> tom: lots of theatrics today, but few visible signs of progress in washington towards a fix for the fiscal cliff. the only hopeful sign is that republicans and democrats are talking privately again. but they haven't worked out any of the big issues, including what to do about the nation's debt limit. washington will hit its borrowing limit early next year, darren gersh has the latest. >> reporter: sitting around the kitchen table with a middle class family in virginia, the president once again pressed for congress to avoid the fiscal cliff. >> if this family has a couple of thousand dollars less to spend, that translates into $200 billion of less consumer spending next year. and that's bad for businesses, large and small. >> reporter: behind the scenes, the two sides are talking again. but there was no progress in public. senators today fought over the debt limit, and ended up deadlocked over a bill to allow the president to automatically increase borrowing. >> he's shown what he is really after is unprecedented powers to spend taxpayer dollars without any limit at all. >> repor
. >> tom: lots of theatrics today, but few visible signs of progress in washington towards a fix for the fiscal cliff. the only hopeful sign is that republicans and democrats are talking privately again. but they haven't worked out any of the big issues, including what to do about the nation's debt limit. washington will hit its borrowing limit early next year, darren gersh has the latest. >> reporter: sitting around the kitchen table with a middle class family in virginia, the...
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Dec 15, 2012
12/12
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but here on wall street investors ignored that up beat news and were fixated on the stalled talks in washington about the fiscal cliff. >> the dow lost 36 points, the nasdaq down 21, the s and b 500 fell, s&p fell also. >> looking at the outlook for gas and oil prices, we turn to an oil analyst, founding partner at again capital. >> you know, john, i was thinking looking over these numbers a few weeks ago here in the northeast we were paying close to $5 a gallon for gasoline, of course it was because of hurricane sandy and standing in line, gas lines, and now this. i know it is a special situation, but what is going on here? >> well, that was a special situation, it was incredible disruption of the supply chain to the northeast, if you recall, only northern new jersey had to endure the odd, even rationing it shows you how isolated that was, but what is going on here, suze is that the united states is in the process of becoming energy independent, it is in the process of surpassing saudi arabia as the world's number one producer of oil. because of the shale drilling that going on, mostly in the
but here on wall street investors ignored that up beat news and were fixated on the stalled talks in washington about the fiscal cliff. >> the dow lost 36 points, the nasdaq down 21, the s and b 500 fell, s&p fell also. >> looking at the outlook for gas and oil prices, we turn to an oil analyst, founding partner at again capital. >> you know, john, i was thinking looking over these numbers a few weeks ago here in the northeast we were paying close to $5 a gallon for...
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Dec 14, 2012
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but now colorado and washington state residents can use marijuana without a doctor's permission. while they are still breaking federal law, what impact could these new state laws have on the medical dope business? we have more of our recent conversation with tripp keber, c.e.o. of medical marijuana products maker dixie elixirs. >> you are looking at a $300 million in denver going to in excess of $600 million, this is about taxes, this is about jobs. the state of colorado we paid into a state coffers as an industry over $50 million in taxes, licenses and fees. we employ as an industry directly over 10,000 people in the state. and so there are not many states that can afford to turn a blind eye to that. so i certainly believe in the state of new jersey and potentially even connecticut certainly with the experiences of the superstorm sandy that they going to look long and hard at these markets, at these vertical markets to potentially den bit. >> tom: does legallization of the drug itself, however, hurt your elixir business. in other words, f people can consume marijuana directly th
but now colorado and washington state residents can use marijuana without a doctor's permission. while they are still breaking federal law, what impact could these new state laws have on the medical dope business? we have more of our recent conversation with tripp keber, c.e.o. of medical marijuana products maker dixie elixirs. >> you are looking at a $300 million in denver going to in excess of $600 million, this is about taxes, this is about jobs. the state of colorado we paid into a...
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Dec 8, 2012
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about nine states and washington, d.c. so there's definitely a lot of states out there that are going to be paying attention. >> on the other hand, we have 31 states, i believe, that have a ban in place. this is going to be a very closely watched decision. closely watched situation. no decision yet until june. but, you know, we also have some other big local news as well. that was the big national news today. but in local news, the oakland police department has for the past decade been under court order to make reforms. it stems from a high-profile misconduct lawsuit involving a group of cops known as the riders. now city leaders are hoping a last-minute tentative deal will avoid a federal takeover of the department. matthai kuruvila, i know you've been covering this story. what are the details of this settlement and what does it mean for the department? >> well, what this agreement involves is an agreement between the police union, the city and professors attorneys who filed this original civil rights lawsuit. what they'v
about nine states and washington, d.c. so there's definitely a lot of states out there that are going to be paying attention. >> on the other hand, we have 31 states, i believe, that have a ban in place. this is going to be a very closely watched decision. closely watched situation. no decision yet until june. but, you know, we also have some other big local news as well. that was the big national news today. but in local news, the oakland police department has for the past decade been...
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Dec 28, 2012
12/12
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a dramatic cliff-hanger today between washington and wall street about the fiscal cliff. stocks initially sold off after senate majority leader harry reid predicted the economy would go over the cliff. speaking from the senate floor he said there's not enough time between now and the end of the year to reach a deal. but stocks erased their losses in the final hour of trading on news that the house of representatives will reconvene on sunday night to resume talks. by the closing bell, the dow was down only 18 points, bouncing back from a triple digit loss, the nasdaq lost four, and the s&p slipped almost two points. so what happens next? and can lawmakers prevent an economic crisis by agreeing on a fiscal cliff deal? darren gersh reports. >> reporter: here is a measure of how bad things are now in washington. markets rallied on news the house will come back to work on sunday, even though there is no solution ready for lawmakers when they return. and in the senate, which is back at work, republican leader mitch mcconnell warned he would not write a blank check to the white
a dramatic cliff-hanger today between washington and wall street about the fiscal cliff. stocks initially sold off after senate majority leader harry reid predicted the economy would go over the cliff. speaking from the senate floor he said there's not enough time between now and the end of the year to reach a deal. but stocks erased their losses in the final hour of trading on news that the house of representatives will reconvene on sunday night to resume talks. by the closing bell, the dow...
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Dec 11, 2012
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most investors remain optimistic there will be a deal in washington before santa arrives. but floor broker teddy weisberg isn't sure where all the optimism is coming from. >> it's a real dilemma here because a lot of folks that i talk to, and customers and professionals alike, are very, very nervous. and i think they are perplexed by the lack of weakness in the market, if you will. >> reporter: economists say no deal between lawmakers and the white house by new year's could push the u.s. into recession by early next year. that dire prediction should be bad news for stocks, but investors remain unfazed. experts say stocks are more likely to move in a tight trading range in the next few weeks. >> if it does get toward the end of the year and it's a problem, maybe we'll see some sellers come out. but, so far, people just don't see it as a problem, and the type of market action that we've seen over the last couple of weeks is typical of what we see at the beginning of sustainable rallies. >> reporter: speaking of rallies, the s&p 500 is up about 12% this year. if that holds, i
most investors remain optimistic there will be a deal in washington before santa arrives. but floor broker teddy weisberg isn't sure where all the optimism is coming from. >> it's a real dilemma here because a lot of folks that i talk to, and customers and professionals alike, are very, very nervous. and i think they are perplexed by the lack of weakness in the market, if you will. >> reporter: economists say no deal between lawmakers and the white house by new year's could push the...
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Dec 8, 2012
12/12
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>>> from washington, the mclaughlin group, the american original. for over three decades, the gro brought to you in part by american petroleum institute. >>> on new years day, and during the first week of january, the u.s. economy will be hit by $600 billion of automatic tax increases. and automatic spending cuts. the phenomenon known as the fiscal cliff. if that happens, it will trigger a recession, or worse. so, president obama is taking action and insisting that republicans agree to increase the existing marginal tax rates on the wealthiest top 2% of u.s. taxpayers. and of course, there is more to the deal. but there will be no negotiations on that big part of the deal unless that tax on the wealthiest 2% is negotiated now. the president could not be more emphatic in stressing the indispensable element of surmounting the cliff is that super-rich revenue. >> we're not insisting on rates just out of spite. or out of any kind of partisan bickering. but rather because we need to raise a certain amount of revenue. >> okay. here is john boehner, the re
>>> from washington, the mclaughlin group, the american original. for over three decades, the gro brought to you in part by american petroleum institute. >>> on new years day, and during the first week of january, the u.s. economy will be hit by $600 billion of automatic tax increases. and automatic spending cuts. the phenomenon known as the fiscal cliff. if that happens, it will trigger a recession, or worse. so, president obama is taking action and insisting that republicans...
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plus, both colorado and washington state voters have okayed marijuana. we talk with one company already profiting from medical marijuana products. >> tom: the college football bowl season is a lesson in supply and demand economics, showing how the market economy works for the same seat in the same stadium for two different games. here's rick horrow with tonight's "beyond the scoreboard." >> reporter: they're two of the biggest games of the college football season, but despite being played in the same stadium just six nights apart, interest in the discover orange bowl and the b.c.s. national championship game couldn't be more different. the average ticket price for the title game between traditional powers alabama and notre dame is a whopping $2,400, which is more expensive than two of the last three super bowls. the game likely will be the most-watched event in cable tv history, with more than 30 million people expected to tune in. both alabama and notre dame will pocket $22 million for the appearance. for the orange bowl, florida state and northern illi
plus, both colorado and washington state voters have okayed marijuana. we talk with one company already profiting from medical marijuana products. >> tom: the college football bowl season is a lesson in supply and demand economics, showing how the market economy works for the same seat in the same stadium for two different games. here's rick horrow with tonight's "beyond the scoreboard." >> reporter: they're two of the biggest games of the college football season, but...
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darren gersh, "n.b.r.," washington. . down tnvbz%. d right? q: slgtç7 >> susie: you're pretty upbeat on the stock market side. taking look at the forecast for the s&p 500, you're calling for a gain of 8%, it will get to the 1575 level to the 1400 level. what is going to give investors confidence to take their money out of cash and invest it in stocks? >> again, susie, we've had some significant head winds over the past year or so. we think as we get past the fiscal cliff and job creation continues, i think investors are going to be feeling a little more optmistic. we think with modest earnings growth, we're looking for earnings to be up about 5%, and with a little extra improvement and sentiment, investors could push the market up about 8%. not a big gain, but a decent one, giving the slow-growing economy we're seeing right now. >> susie: your whole forecast is depending on an agreement on fiscal cliff. if we go over the cliff, what happens to your forecast. what will you be saying at the start of the year about the outlook for the economy
darren gersh, "n.b.r.," washington. . down tnvbz%. d right? q: slgtç7 >> susie: you're pretty upbeat on the stock market side. taking look at the forecast for the s&p 500, you're calling for a gain of 8%, it will get to the 1575 level to the 1400 level. what is going to give investors confidence to take their money out of cash and invest it in stocks? >> again, susie, we've had some significant head winds over the past year or so. we think as we get past the...
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"washington week" can be seen later this evening on most pbs stations. we'll see you online and again here monday evening. have a nice weekend. thank you and good night. major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy productive life. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. captioning sponsored by macneil/lehrer productions captioned by media access group at wgbh access.wgbh.org
"washington week" can be seen later this evening on most pbs stations. we'll see you online and again here monday evening. have a nice weekend. thank you and good night. major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy productive life. and with the ongoing support of these...
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all they hear from washington is about tax hikes and spending cuts. how come nobody is talking about how to grow the economy? >> well, first of all, i think the c.e.o.s of the large corporations are very tuned into this debate. many of them are actually participating directly in the debate in washington. and they're entirely aware of all of the stuff we're talking about right now, and the degree to which an agreement, which i believe we'll see, would clear the air and would free -- would liberate a lot of investment and hiring and expansion. and as far as business in general is concerned, once this is out of the way, all of that talk about tax increases, spending cuts, dysfunction, gridlock, that will disappear. so i think you'll see a better 2013 than 2012. that's not too hard because 2012 has been a very slow year, even before the fourth quarter and into hesitation. i think the outlook beyond this is really pretty good. >> susie: we're going to have to leave it there and that very upbeat note. thank you e very much, roger. we've been speaking with r
all they hear from washington is about tax hikes and spending cuts. how come nobody is talking about how to grow the economy? >> well, first of all, i think the c.e.o.s of the large corporations are very tuned into this debate. many of them are actually participating directly in the debate in washington. and they're entirely aware of all of the stuff we're talking about right now, and the degree to which an agreement, which i believe we'll see, would clear the air and would free -- would...
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it's the second state to do so; washington was the first. the legal fate of these state laws is uncertain since federal law still considers marijuana illegal. but the legal business of marijuana is already growing in 18 states where it is allowed for medical use. we recently spoke with tripp keber, c.e.o. of dixie elixirs, a company that makes marijuana- infused products. >> tom: tripp keber is the owner of dixie elixirs. he joins us from denver, colorado. tripp, do you consider yourself in the drug business? >> i absolutely do not. we have been in the business for the last three years of making medicine for patients here in the state of colorado. by that, we certainly don't consider ourselves drug-makers. >> tom: considering you sell not marijuana specifically, but elixirs derived from marijuana, where do you get your raw materials? >> we have a 50,000 scare foot cultivation facility in denver. and that cultivation facility feeds our manufacturing facility, here in denver, colorado as well. and we control is called from seed to sale. >> tom
it's the second state to do so; washington was the first. the legal fate of these state laws is uncertain since federal law still considers marijuana illegal. but the legal business of marijuana is already growing in 18 states where it is allowed for medical use. we recently spoke with tripp keber, c.e.o. of dixie elixirs, a company that makes marijuana- infused products. >> tom: tripp keber is the owner of dixie elixirs. he joins us from denver, colorado. tripp, do you consider yourself...
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capitol christmas tree arrived in washington on monday. but behind the festive scene outside, there was a partisan war raging inside on the floor of the senate. the combatants-- democratic majority leader harry reid and republican minority leader mitch mcconnell. >> americans believe congress is broken. once again, the only ones who disagree are mitch mcconnell and the republican party. >> i've never said the senate's working fine. i think the senate's been disastrously run for the last two years. >> the american people know, democrats and republicans, that this place isn't working and there needs to be some changes so that we can proceed to get some legislations passed. >> disastrously run. but not because of the rules, but because of the operation. and it's certainly not the fault of the republicans. >> holman: the war of words comes as democrats look to make changes to senate rules playing a big role in that gridlock, specifically, use of the filibuster-- used to block or delay senate action on a bill by debating it at length or offerin
capitol christmas tree arrived in washington on monday. but behind the festive scene outside, there was a partisan war raging inside on the floor of the senate. the combatants-- democratic majority leader harry reid and republican minority leader mitch mcconnell. >> americans believe congress is broken. once again, the only ones who disagree are mitch mcconnell and the republican party. >> i've never said the senate's working fine. i think the senate's been disastrously run for the...
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those in washington state have to wait three days to be married. same-sex weddings in maryland will begin on january first. maine will legalize the practice on december 29. the three states are the first to approve same-sex marriage by popular vote. in economic news, new jobless claims fell sharply last week, after a temporary spike in the wake of hurricane sandy. and on wall street, stocks managed modest gains today. the dow jones industrial average added 39 points to close at 1,374. the nasdaq rose 15 points to close at 2,989. the u.s. senate has overwhelmingly approved a bill normalizing trade relations with russia. but the measure also contained provisions to punish russian officials accused of human rights offenses-- a move the russian government has denounced. the house passed the legislation last month. president obama has pledged to sign it into law. it was all smiles today for the duchess of cambridge, as she left a london hospital. the former kate middleton was discharged after being treated for severe morning sickness. the duchess emerge
those in washington state have to wait three days to be married. same-sex weddings in maryland will begin on january first. maine will legalize the practice on december 29. the three states are the first to approve same-sex marriage by popular vote. in economic news, new jobless claims fell sharply last week, after a temporary spike in the wake of hurricane sandy. and on wall street, stocks managed modest gains today. the dow jones industrial average added 39 points to close at 1,374. the...
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i don't think we're in that washington anymore. i think this is going to be... i don't think there's going to be much of a deal. i think there's going to be a kind of... there will be an outcome which hopefully won't be too bad. but the idea that we're actually going to have a guy shaking his hands and everybody feeling good about the outcome. that's not necker in the year 202 or 2013. >> ifill: paul krugman of princeton university and the "new york times." thank you very much for joining us. >> thank you. >> ifill: we'll continue our conversation series in the days to come. that will include an interview with one of the most vocal conservative opponents of higher taxes, grover norquist. >> woodruff: now, as part of our "agents for change" series, we have an update from earthquake and flood-ravaged haiti. special correspondent fred de sam lazaro reports on the fight against an ongoing cholera epidemic. reporter: the 2010 earthquake that devastated haiti may still loom large in americans' memory but in haiti itself, that was at least three disasters ago. before h
i don't think we're in that washington anymore. i think this is going to be... i don't think there's going to be much of a deal. i think there's going to be a kind of... there will be an outcome which hopefully won't be too bad. but the idea that we're actually going to have a guy shaking his hands and everybody feeling good about the outcome. that's not necker in the year 202 or 2013. >> ifill: paul krugman of princeton university and the "new york times." thank you very much...
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the group broke its near silence in washington, d.c., this morning. vice president wayne lapierre would not answer any questions, but he read a nearly 25-minute- long statement that called for armed guards in every school. here are excerpts of what he said. he was interrupted twice by protesters. >> the national rifle association's four million mothers, fathers, sons and daughters join the nation in horror, outrage, grief and earnest prayer for the families of newtown, connecticut, who have suffered such incomprehensible loss as a result of this unspeakable crime. for all the noise and anger directed at us over the past week, no one-- nobody-- has addressed the most important, pressing and immediate question we face: how do we protect our children right now, starting today, in a way that we know works? the only way to answer that question is to face the truth. politicians pass laws for gun- free school zones. they issue press releases bragging about them. they post signs advertising them. and in so doing, they tell every insane killer in america that
the group broke its near silence in washington, d.c., this morning. vice president wayne lapierre would not answer any questions, but he read a nearly 25-minute- long statement that called for armed guards in every school. here are excerpts of what he said. he was interrupted twice by protesters. >> the national rifle association's four million mothers, fathers, sons and daughters join the nation in horror, outrage, grief and earnest prayer for the families of newtown, connecticut, who...
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>> that scene actually keeps coming to mind as i try to follow the melodrama in washington that has us heading for a cliff. a fiscal cliff. but are we? or is this, another myth in the making? for some insight, we turn to two seasoned observers both of whose books you'll want to as santa to leave in your stocking. bruce bartlett was an economic adviser to the supply-side icon jack kemp, and to two presidents -- ronald reagan and the first george bush. he got into hot water with his conservative cohorts when he wrote a widely quoted book critical of the second president bush. his most recent work is "the benefit and the burden: tax reform-why we need it and what it will take." yves smith is the founder and editor of the popular blog naked capitalism. after 25 years in the financial services industry, she now heads the management consulting firm aurora advisors. she's the author of this book: "econned: how unenlightened self interest undermined democracy and corrupted capitalism." welcome to you both. >> thank you. >> thank you. >> is the fiscal cliff just a metaphor? or is it for real? >
>> that scene actually keeps coming to mind as i try to follow the melodrama in washington that has us heading for a cliff. a fiscal cliff. but are we? or is this, another myth in the making? for some insight, we turn to two seasoned observers both of whose books you'll want to as santa to leave in your stocking. bruce bartlett was an economic adviser to the supply-side icon jack kemp, and to two presidents -- ronald reagan and the first george bush. he got into hot water with his...